Cipher Mining (NASDAQ:CIFRW) Trading Up 7.6% – Time to Buy?

Cipher Mining Inc. (NASDAQ:CIFRWGet Free Report) shot up 7.6% on Friday . The stock traded as high as $6.69 and last traded at $6.09. 448,918 shares changed hands during trading, an increase of 181% from the average session volume of 160,039 shares. The stock had previously closed at $5.66.

Cipher Mining Stock Performance

The company has a 50-day moving average of $2.55 and a two-hundred day moving average of $1.29.

Cipher Mining Company Profile

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Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V.

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